Laserfiche WebLink
Minutes of the Regular Meeting of Council <br />Monday, June 19, 2017 <br />Page 9 <br />Rick Christian <br />510 SOM <br />I go thro.ugh this every year with my .insurance broker for my business. All insurance <br />coinpanies give you a 30-day grace period. You have 30 days from the time your insurance <br />expires to make a decision. They will cover you for that time. <br />Council President Saponaro stated, we did discuss that. The fact is is that we don't have <br />the policies and if we vote on it now it is to June 30th. It is part of our discussion that they <br />need to look at this and make sure of it, but this allows our Finance Director to renew and <br />it is a not to exceed motion but if there is an opportunity or we need to change soinething, <br />he has the ability to do that. <br />Mr. Christian stated, if you go with that insurance coinpany and you find it cheaper <br />someplace else, they haye to reimburse you. They can't take your money for your <br />insurance and then say; well you paid us. They have to give you your money back. <br />Council President Saponaro stated, sure. Absolutely. But from a legislative standpoint, <br />yes, but from the administrative, yes. <br />Mr. Christian stated, you go with them and you carry on your insurance and you go with <br />somebody else within that 30 days, they have to give you all your money back. <br />Council President Saponaro stated, very good. We talked about NORMA, one of the <br />agencies we need to be looking at. I know the Mayor has information from her meeting <br />last week. We discussed that in Finance as well. This just allows us to approve of the <br />expenditure but Administration, Mr. Wynne, the Mayor and all of Administration can now <br />take this and at Council's urging and understanding that none.of us are pleased w.ith the <br />way this was handled, trying to make sure we get the best value for our dollars. What other <br />discussion? Alexandra Granaukis <br />872 Hardwood <br />What if the cyber-crime policy he is quoting exceeds what is allowed in the budget? Do <br />you have a firm quote? <br />Mr. Wynne replied, we don't have a firm quote, but we have a couple estimates ranging <br />between $4,500 to $5,000. We are including it on the high end. <br />Coun.cil Presideilt Saponaro stated, a not to exceed allows for that. The budget for our <br />insurance for this year was? Mr. Wynne replied, I believe it was $105,000.